Kondaur Hopes to Sell $79 Million NPL Bond

Kondaur Capital Corp., an active investor in distressed and underperforming mortgages, is marketing a $79 million MBS collateralized by $263 million of nonperforming loans (NPL).The bond is being underwritten by Royal Bank of Scotland in what appears to be a private placement, the offering. A copy of the offering prospectus was provided to National Mortgage News.

A search of the Securities and Exchange Commission's database found no filing under the Kondaur name.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.